Wednesday, 30 May 2018

EU proposes more spending on Italy and south, less in east

By Francesco Guarascio BRUSSELS (Reuters) - The European Union's executive proposed on Tuesday to spend more of the bloc's money on Italy and other southern states hit by the economic and migration crises, while giving less to the former communist countries of eastern Europe. The proposal on the 2021-2027 budget, which details plans announced a month ago, comes as Italy faces snap elections, which polls show could further strengthen eurosceptic parties. The budget, the first since Britain voted to leave the EU, would increase to 1.1 trillion euros ($1.2 trillion) from 1 trillion euros in the current seven-year period

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